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Short Takes: Two Harbors Hits Market with a New Jumbo MBS / CFPB Targets Great Lakes Area Mortgage Lender / Happy (?) Third Birthday CFPB / Shorts Target Stonegate Mortgage / New Duties for BofA Mortgage Chief

July 29, 2014
Paul Muolo
Surprise: Two Harbors is preparing a new jumbo MBS deal. It looks like the bond will be issued in early August...
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Short Takes: A Kinder and Gentler FHA? / A Rapidly Improving MMIF? / CFPB and FTC Target Loan Modification Scammers / A Continuing Decline in Underwater Homes / MGIC CEO Culver to Retire

July 24, 2014
Paul Muolo, Thomas Ressler, and Sherry Muolo
Or perhaps the FHA is concerned that the private mortgage insurance industry will continue to gain market share at its expense?
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Signing Bonuses for Loan Officers: $20k to $30k, Or Even More

July 21, 2014
Sherry Muolo
A signing bonus for an LO sounds nice, but keep in mind that a lender has to find a way to pay for that bonus, which could result in an increase in pricing.
Read More

Freedom Mortgage Hires Six New Executives

July 21, 2014
Paul Muolo
On the residential side, the top hire was David Firestone, who carries the title of vice president of financial operations.
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Short Takes: A $300,000 Signing Bonus for an LO? / PennyMac Files to ‘Resell Shares’ / DBRS Updates Non-Agency Criteria / ‘House of Cards’ Star to Speak at MBA / So Long Eric Billings

July 21, 2014
Paul Muolo, Brandon Ivey, Charles Wisniowski, and Sherry Muolo
Did someone really pay a $300,000 signing bonuses to a new LO?
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An Increase in Originations Could Mean More Mortgage Jobs

July 18, 2014
Sherry Muolo
Lenders are being careful about costs, but rising loan volumes could force some firms to hire, at least a little bit.
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What We’re Hearing: Is Our Mortgage Origination Estimate Crazy? / Good News from At Least One Warehouse Lender / Bullish on Non-QM Lending? / The FHFA MI Proposal is Out and the World Hasn’t Ended, Yet / As for Radian… / Frank Raines’ New Job

July 11, 2014
Paul Muolo
So, you doubt our 2Q origination estimate? Here’s what an executive from a top-five warehouse bank told us: “We’re experiencing a significant pick up in outstandings."
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Short Takes: What it Takes to Survive the Mortgage Downturn: Scale / Whole Loan Sales or MBS, That is the Question / HomeStreet Dominates Redwood Deal / Ellie Mae Will Need a New General Counsel / Here Comes the Earnings Flood

July 8, 2014
Paul Muolo, Brandon Ivey, and Sherry Muolo
Will loan production in the second half surprise the naysayers? Will non-QM lending take off? Stay tuned...
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Short Takes: No CEO and president Needed for the Common Securitization Platform? / A Sweet Dividend for Investors in PennyMac / Is Home Building ‘Back’? Not So Fast / ABA Renews Strategic Alliance Deal With Freddie Mac

June 30, 2014
Paul Muolo and Charles Wisniowski
In case you haven’t noticed, many mortgage stocks are trading much closer to their 52-week lows than their highs.
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Bank of America Gives Pink Slips to 540 ‘Legacy’ Servicing Employees

June 27, 2014
Paul Muolo
The bloodletting in Bank of America's servicing division continued this month with the megabank giving pink slips to hundreds of workers.
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